Creating a Successful Plan to Electrify Transportation Infrastructure
Transport is the largest single contributor to global carbon emissions. In 2020, that sector accounted for 27% of greenhouse gas emissions in the United States, according to the U.S. Environmental Protection Agency. A global movement is underway to help the world avoid the worst impacts of climate change by building new, decentralized, and decarbonized transportation infrastructure, which will require $50 trillion of investment globally by 2040, says the Global Infrastructure Outlook, which is published by Sydneybased Global Infrastructure Hub, an infrastructure research not-for-profit firm. Recent U.S. infrastructure legislation and the EU’s European Green Deal have allocated $3 trillion and €1 trillion, respectively, for vital infrastructure investments to aid this transition. But executing and sustaining the ambitious goals of these infrastructure programs will fall to local authorities.
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